Csenge Advisory Group (CAG), a wealth management firm, is partnering with Lion Street Inc. and its broker-dealer, Lion Street Financial, both headquartered in Austin, Texas.
CAG, based in Clearwater, Fla., has $1.3 billion in assets under advisement (AUA), with an additional $1 billion in pending acquisitions.
Following two years of exponential growth at 40 percent year-over-year, CAG sought out a new partner company after affiliating the past 20 years with FSC Securities Corp., based in Atlanta.
“We’re a hybrid, so we wanted a broker-dealer relationship and chose Lion Street,” CAG founder and managing partner John Csenge told Financial Advisor.
Csenge said that his firm selected Lion Street as its new affiliate partner after a two-year search, based on Lion Street’s insurance expertise and corporate culture.
Founded in 2010 by Robert R. Carter, Lion Street Inc. is a national financial services company comprising 150 independent-owner firms that specialize in financial solutions for high-net-worth individuals, family offices, business owners and corporate clients. The company provides a multi-life design center to support multi-life insurance sales for executive benefit firms and traditional life insurance professionals.